Cotton (ETN) looks like wants to go back to 54-52 demand zone, a good area to add more imho. A prolific two year long base hints that the upside will be significant. Large traders are less long than the last September bearish marubozu bar, while short term momentum is slightly diverging.
Supply zone, in case it breaks upwards the trend line from 2012 lows, is at 60-62 area.
Supply zone, in case it breaks upwards the trend line from 2012 lows, is at 60-62 area.
